President Obama opened up for Jay Leno at Saturday night’s White House Correspondents’ Dinner; the first 13 minutes are pretty funny (apart from the reference to Predator Drones, which I find in very bad taste) :
And maybe this is as good a place as any to share this new graph incorporating the new first-quarter GDP numbers to show pretty convincingly that the stimulus is working (although it should have been bigger) :
How do you like them apples, teabaggers? I’m sorry; in Teabonics: How’s that naysayin’, kvetchy thing workin’ out for ya?
Spent the weekend trying to spend my tax refund. Maui looks nice.
I love this one……it’s an unedited teabagger in cleveland bitching about taxes but he admits “he doesn’t pay any……..”
Sorry I also love Nate over at 538…………some pretty smart wonks over there.
This is the third quarter of GDP growth. It demonstrates that growth is coming from a variety of economic sectors. The consumer is spending again, businesses are investing, and exports are increasing. The conclusion is clear: the economy is no longer in recession.
http://www.fivethirtyeight.com/2010/05/closer-look-at-fridays-gdp-report.html
Coffee Time!!!
Vern,
There is no recovery. These numbers are from “scientists” and “the government,” both of whom would do anything to support Evolution and Obama. And if there is a recovery, then it started under Bush’s tax cuts, and Obama is just taking credit for it.
Well, gerricurl and the rest of the folks who believe the stimulus created jobs can go fit in the phone booth with the warmers and the truthers.
Just 6% of Americans believe the stimulus created any jobs.
http://gatewaypundit.firstthings.com/2010/02/fail-only-6-of-americans-believe-obamas-787-billion-stimulus-created-jobs/
the National Association for Business Economics said that the stimulus pissed away 787 billion dollars of everybodys money and produced nothing.
http://startthinkingright.wordpress.com/2010/04/28/failed-president-alert-economists-say-stimulus-did-not-help/
Yeah, you can take the hope and keep the change… when will you heavy breathers learn?
Or, I’m sorry, “why, dat gubmint owes me a livin and I stand in line for dat gubmint money they owe me. And if I was workin, my employer has to pay me what I think is a livable wage, for doing pretty much nothin, cause the world owes me a livin! And hey, when are my human rights to a vacation going to be recognized like in civilized countries???!!!”
You’re right WW. What do scientists know? (WW is being ironic by the way, OJ newbies. Terry “National Libertarian Examiner” Crowley is not, sadly.)
But Terry puts the final nail in the coffin – apparently a majority of Americans don’t realize the stimulus is working. Well, that’s the final word, that’s for sure!
“Just 6% of Americans believe the stimulus created any jobs.”
Then it MUST be true if only 6% of Americans think so. Let look at some other things that American’s believe.
50% believe they have guardian angel.
18% believe the sun revolves around the earth
32% believe Obama is a Muslim.
THANKS for clearing that up. Cause you know, if the public believes it . . . . it must be true.
As for your other link, you might want to read more than twitter for your economic analysis. AND I QUOTE, “In an interview with FactCheck.org, NABE spokeswoman Melissa Golding said to broadly declare the stimulus a failure based on the survey would be inaccurate. ‘We were asking them to measure the impact of the federal stimulus on their particular firm or industry,’ she said. ‘It was very specific to their firm or industry’.”
(http://factcheck.org/2010/04/mis-tweets-on-twitter/)
Wow. “left turn” ww thinks 94% of the country is just a majority. 94% disagreeing with you is “How freakin clueless and intellectually lazy can you be?” More people think if you write Elvis a letter, he’ll still get it.
How about ol “Everybody too scared of the VP being President” Joe Biden?
http://scaredmonkeys.com/2009/06/14/vp-biden-admits-obama-stimulus-plan-a-failure-on-meet-the-press-everyone-guessed-wrong-on-the-impact-of-the-stimulus-not-everyone-joe/
Or Economists Against the Stimulus
http://www.cato-at-liberty.org/2009/01/28/economists-against-the-stimulus/
And if you go back and actually R-E-A-D the NABE article instead of regurgitating whatever leftwing radio source some losers actually still listen to, you would have read that almost none of the economists see jobs being added to their sectors because of the stimulus. And that’s what concerns people. J-O-B-S. Not patting yourself on the back at having created more government workers.
Let’s not forget “Unemployment won’t go above 8%.”
Oh wait, it would have been worse if the Democrats hadn’t pissed away 787 Billion, right?
If you had actually READ the article, you would know THEY ONLY INTERVIEWED 68 members of the National Association for Business Economics (i.e. the “none of the economists” you so astutely mention). Out of the approximately thousands and thousands of economists in the United States, the this leaves you with a sample that has about zero reliability . . . especially because this survey was not asking them about the effect of the stimulus on the economy, but in their own firms or industries, which leaves you with an equal problem of about zero validity.
This is why the spokesperson from NABE HERSELF noted, “We were asking them to measure the impact of the federal stimulus on their particular firm or industry.”
So what you are left with is the opinion of the American public. Half of which believe they also have a guardian angel.
Here is the CBO’s estimate.
“CBO estimates that in the fourth quarter of calendar year 2009, ARRA added between 1.0 million and 2.1 million to the number of workers employed in the United States, and it increased the number of full-time-equivalent (FTE) jobs by between 1.4 million and 3.0 million. Increases in FTE jobs include shifts from part-time to full-time work or overtime and are thus generally larger than increases in the number of employed workers.”
I know this is not on par with the highly scientific NABE study (i.e. what 68 people who work for individual firms think), and that the CBO is full of economists that are likely secret communists and listen to MSNBC and believe in evolution and all that stuff . . . so this estimate is NOT TO BE TRUSTED.
But the highly unscientific estimates of the NABE, on the other hand, should be touted AS THE WORD OF GOD.
Thank god we still got the CATO Institute.
Finally,
“NABE conducted the study by polling 68 of its members who work in economic roles at private-sector firms. About 73% of those surveyed said employment at their company is neither higher nor lower as a result of the $787 billion Recovery Act, which the White House’s Council of Economic Advisers says is on track to create or save 3.5 million jobs by the end of the year. That sentiment is shared for the recently passed $17.7 billion jobs bill that calls for tax breaks for businesses that hire and additional infrastructure spending. More than two-thirds of those polled believe the measure won’t affect payrolls, while 30% expect it to boost hiring “moderately.”
Read the bottom part more closely. Roughly 30% of the respondents EXPECT the jobs bill to boost hiring “moderately.” If this were a representative sample, which it isn’t, how much of the private sector WOULD you expect to see have jobs added? HALF of the sample? More?
So roughly 1/3 of those interviewed in the survey YOU QUOTE as having “pissed away 787 billion dollars of everybody’s money and produced nothing” said they expected this bill to boost hiring “moderately.”
Fine, if we’re gonna play “the people are always right,” a new CBS-Times poll shows Americans getting more optimistic about the economy – more than any time during the recession:
http://www.cbsnews.com/8301-503544_162-20004000-503544.html
from TPM:
The numbers: 41% say the economy is getting better, up from 33% in April. Only 15% say the economy is getting worse. President Obama’s approval rating on the economy has also improved in this poll, with 48% approving and 47% disapproving — Obama’s highest rating since this past November. The sample of American adults has a margin of error of ±3%.
From CBS’s analysis: “Most Democrats (77 percent) approve of the president’s handling the economy, while most Republicans disapprove (86 percent). Independents are divided: 46 percent approve, while 45 percent disapprove. Last month, more independents disapproved than approved of how Mr. Obama was handling the economy.”
These numbers are important because the public’s perception of the economy has a dramatic effect on the political fortunes of the president and his party. As just one possible example, the economic outlook in CBS polling showed a noticeable decline in optimism between August 2009 and February 2010 — a period that saw Dems lose two governorships and the Massachusetts Senate seat. For example, the economy in particular was found to be damaging Obama’s numbers in January.
A recession also helped end the administration of President George H.W. Bush in 1992, with a solid economy helping Bill Clinton in 1996. And of course, the economic crash in late 2008 helped to clinch Barack Obama’s win — and that same crisis has bedeviled him ever since.